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Cheval grows by 55% in 2006

Cheval has reported net sales growth of 55% in 2006.

It attributes the increase to its approach to bridging, with LTVs viewed only as a guideline and not an obstacle.

Cheval also believes the growth was also fuelled by its investment in service delivery and transparent bridging.

Mark Posniak, director of sales and marketing at Cheval, says: Growth in the bridging market as a whole has been good over the past year.

“Our figures are substantially the result of our new more flexible approach to lending and the ongoing investment we are making in service.

“Another factor impacting these results is the widespread move by brokers towards placing business with the more established transparent lenders.

We believe that bridging lenders are falling into two camps: those usually larger players who are investing heavily in their service delivery and back offices, and the smaller lenders who are not.

“Brokers are appreciating this difference more and more and are directing their business accordingly.

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